Social Media

CNBC
Meta's big antitrust win, Salesforce's deal closure, and iPhone's popularity in China
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
CNBC
Meta wins FTC antitrust trial that focused on WhatsApp, Instagram
Meta has won its case against the Federal Trade Commission, seven months after the trial began.
Bloomberg
Meta Wins FTC Antitrust Trial Over Instagram, WhatsApp Deals
Meta Platforms Inc. won a key lawsuit Tuesday after a federal judge ruled that the company’s acquisitions of the photo-sharing app Instagram and messaging service WhatsApp don’t violate US antitrust law.
Meta Wins FTC Antitrust Trial Over Instagram, WhatsApp Deals
Bloomberg
Meta’s Chief Revenue Officer Exits in Broad Leadership Reshuffle
Meta Platforms Inc. Chief Revenue Officer John Hegeman is leaving the social networking leader, one of several leadership changes at a company under pressure to deliver on a costly AI strategy.
Meta’s Chief Revenue Officer Exits in Broad Leadership Reshuffle
NPR
Judge sides with Meta in antitrust trial, will not spin off WhatsApp and Instagram
A federal judge ruled against the Federal Trade Commission's antitrust suit alleging that Meta had stifled competition by buying up its rivals.
Bloomberg
Cloudflare Resolves Global Outage That Disrupted ChatGPT, X
A major outage on the network of cybersecurity firm Cloudflare Inc. was resolved after disrupting websites ranging from X to ChatGPT around the globe for several hours on Tuesday.
Cloudflare Resolves Global Outage That Disrupted ChatGPT, X
Bloomberg
Telegram CEO’s French Travel Ban Fully Lifted By Investigators
Telegram billionaire Chief Executive Officer Pavel Durov’s travel ban has been fully lifted by French authorities investigating him over his messaging platform.
Telegram CEO’s French Travel Ban Fully Lifted By Investigators
Bloomberg
Tencent Posts 15% Revenue Jump, Sustaining Growth Without Splashy AI Bets
Tencent Holdings Ltd. posted a faster-than-anticipated 15% rise in revenue, sustaining the steady growth that’s helped the social media leader attract investors despite eschewing splashy investments in AI infrastructure.
Tencent Posts 15% Revenue Jump, Sustaining Growth Without Splashy AI Bets
SCMP
Meta Platforms’ AI lay-offs triggered by resource competition: ex-researcher
A former research scientist at Meta Platforms, Tian Yuandong, has shed some light on the US social media giant’s restructuring of its artificial intelligence team, while casting doubt on traditional scaling laws used in AI model development. In an interview on the Chinese video channel Silicon Valley 101 broadcast on Wednesday, Tian – previously research scientist director at Meta FAIR, the Facebook parent’s legacy Fundamental AI Research team – said limited computing resources had triggered...
PYMNTS.com
LeCun's Exit Deals a Blow to Meta's AI Ambitions Amid Cost Pressures | PYMNTS.com
... artificial intelligence, Big Tech, funding, Meta, News, personnel, PYMNTS News, startups. Paystand Acquires Bitwage to Promote Stablecoin Payments.
Bloomberg
WhatsApp Set to Face Stricter Content Moderation Rules in the EU
Meta Platforms Inc.’s messaging service WhatsApp will face stricter rules under the European Union’s content moderation rulebook, as the bloc increases scrutiny of social media.
WhatsApp Set to Face Stricter Content Moderation Rules in the EU
NBC News
'Wicked' director discusses 'poisonous' use of AI online
... Wicked" director Jon M. Chu tells Kristen Welker on "Meet the Press" he's worried about AI's impact on creativity on social media ... NBC News Sitemap...
The Verge
Tinder's AI can find better matches by scanning your camera roll | The Verge
Jess started her career at TechRadar, covering news and hardware reviews. Tinder is testing an AI-powered “Chemistry” feature that learns about...
TechCrunch
Meta brings its short-form video feed of AI slop to Europe - TechCrunch
... AI slop — a term meaning low-quality AI content. Meta's debut of ... Aisha is a consumer news reporter at TechCrunch. Prior to joining the...
CNBC
Snap stock jumps 9% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
CNBC
Meta reportedly projected 10% of 2024 sales came from scam, fraud ads
Meta projected that about $16 billion in 2024 revenue came from running ads for scams and banned goods, according to a Thursday report from Reuters.
CNBC
Snap stock jumps 10% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
Bloomberg
Social Media Giants Must Stand Trial on Addiction Claims
Meta Platforms Inc., ByteDance Ltd., Alphabet Inc. and Snap Inc. must face trial over claims that they designed social media platforms to addict youths, a judge ruled, clearing the way for the first of thousands of cases to be presented to juries.
Social Media Giants Must Stand Trial on Addiction Claims
Reuters
Snap tops revenue estimate and unveils $400 million deal with Perplexity AI, shares jump
The integration will offer verifiable answers to users' questions within the Snapchat app. Get a daily digest of breaking business news straight to...
CNBC
Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
Bloomberg
Snap Cuts Deal With Perplexity to Gain a Piece of the AI Action
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports on Snap’s big move in the world of artificial intelligence.
Snap Cuts Deal With Perplexity to Gain a Piece of the AI Action
PYMNTS.com
Meta Investors 'Losing Patience' With AI Spending | PYMNTS.com
... AI's Banking Presence. See More In: artificial intelligence, Meta, Metaverse, News, PYMNTS News, Stocks, Technology, What's Hot. United Airlines...
TechCrunch
Pinterest CEO touts open source AI: 'tremendous performance' with reduced costs
The news sent the stock tumbling by more than 21% on Wednesday. Despite ... Shopify says AI traffic is up 7x since January, AI-driven orders are up 11x.
CNBC
Snap shares rocket 15% on strong forecast, $400 million Perplexity deal
Perplexity AI will pay the social media company $400 million over 1 year to integrate the AI startup's search features into Snapchat in 2026, Snap said.
CNBC
Snap shares rocket 25% on strong forecast, $400 million Perplexity deal
Perplexity AI will pay the social media company $400 million over 1 year to integrate the AI startup's search features into Snapchat in 2026, Snap said.
Bloomberg
Snap Shares Surge on $400 Million Perplexity AI Deal
Snap Inc. shares surged after the company announced a $400 million partnership with Perplexity AI Inc. to incorporate its AI-powered search engine into Snapchat.
Snap Shares Surge on $400 Million Perplexity AI Deal
CNBC
Pinterest plunges 21%, posts second-worst day ever as tariffs drag on ad revenue
Third-quarter sales in the U.S. and Canada came in at $786 million, missing analyst projections.
CNBC
HubSpot adds Clara Shih, Meta's head of business AI, to board of directors
HubSpot appointed Meta's head of business AI Clara Shih to its board of directors
CNBC
Pinterest plunges 20% after weak results as tariffs drag on ad revenue
Third-quarter sales in the U.S. and Canada came in at $786 million, missing analyst projections.
Bloomberg
Singapore Law Gives It More Powers Over TikTok, Facebook Content
Singapore’s parliament passed a law giving authorities more powers to block harmful content on social media platforms, from TikTok to Instagram and Facebook, the city state’s latest move to curb online harms.
Singapore Law Gives It More Powers Over TikTok, Facebook Content